How high will the NZD/USD go?

[pennywise]

Has anyone else out there been riding the NZD/USD? The kiwi has been doing great. Every time I check in it is at a new high. Since open it shot up again but now is giving back to the .6300 level so I am picking up some more.

Anyone got any recommendations how high this may go?

I keep raising my stop loss so I will not give back more than 5% of my money off of its high.

[pennywise]

I spoke too soon.

Stop loss taken at .6288 on the I just picked up. It came down in one little spike to take out my stop loss just perfectly hit is right on the nose continued back up.

[$imon]

Hey pennywise

The kiwi is generally tied quite closely to the Aussie to a lesser extent to the Euro. We generally just follow on those at the moment most of the movement has been attributed to US$ weakness rather than anything specific happening down under.

Our economy seems pretty strong at the moment with retail spending high unemployment low. Watch for interest rates to rise 5% by 1/4 on Dec 4 or at least signal a rise early next year. May add some of the differential incentive back into the currency it appears to be losing. Also watch against Aussie cross when this happens AU$ jumped around a cent I think against the kiwi when they raised rates before us last week.

Sure makes buying stuff Amazon a better bargain though!!

$imon